emmalovesuandja emmalovesuandja

12-12-2017
Mathematics

contestada

Joe borrowed $4,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 6 years? In 6 years, Joe pays $ in interest.

Respuesta :

shonejump10 shonejump10

12-12-2017

To find out how much interest it is, you have to to
Interest =Principal x Rate of interest x Time
So
4,000 x 0.07 x 6=1,680
Joe pays 1680 in interest.

Answer Link

sadleremily160oyc40w sadleremily160oyc40w

12-12-2017

Formula- I-? P-4,000 R- 7%= 0.07 t- 6 years

4,000(0.04)(6)
0.04*6=0.24
0.24*4,000=$960
The answer is $960.

Answer Link

Otras preguntas

Why were progressives concerned about industrial concentration?

ethnic is mostly based upon 1.pride 2. equality 3. independence 4.commonality

What event sparked us interest in expanding markets into latin america and asia in the 1890s?

Carpet costs 15 per square yard. How much will it cost to carpet a room that is 180 square feet?

Since the fed has the power to determine the supply of money, the money supply curve in the liquidity preference model shows it as a(n):

Which of the following is an example of an Arrhenius acid? Nh3 Bf3 HI NaOH

Why is the magna carta referred to as a foundational document for the u.s. constitution?

can someone do help with any of these please?

What are peoples common opinions of censorship?

When you use the direct organizational plan for a routine message, you present the details before the primary idea?